JOVA Technics: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
JOVA Technics
Largest movements
- Tangible fixed assets -€275,969
down €275,969 (-94.6%), from €291,815 to €15,846
of which Land and buildings: -€269,268
- Formation expenses +€84,101
up €84,101 (+526%), from €15,991 to €100,092
- Receivables within one year -€16,380
down €16,380 (-22.4%), from €73,268 to €56,888
of which Trade receivables: -€19,882
- Cash +€6,605
up €6,605 (+56.7%), from €11,659 to €18,263
mainly Investment in fixed assets (net) (+€176,295) and Receivables within one year (+€16,380)
- Debts after one year -€162,653
down €162,653 (-74.9%), from €217,053 to €54,400
of which Financial debts: -€160,553
- Current portion of long-term debt -€26,708
no longer reported in 2025 (was €26,708)
- Advances received -€17,188
no longer reported in 2025 (was €17,188)
- Trade debts +€13,945
up €13,945 (+23.7%), from €58,728 to €72,673
- Profit (loss) carried forward -€7,960
down €7,960 (-96.8%), from €8,222 to €262
- Gross operating margin -€27,821
down €27,821 (-25.3%), from €109,877 to €82,056
- Depreciation -€13,465
down €13,465 (-46.4%), from €29,039 to €15,574
- Staff costs +€5,802
up €5,802 (+9.9%), from €58,675 to €64,477
- Financial charges -€5,241
down €5,241 (-44.2%), from €11,863 to €6,622
- Taxes -€2,968
down €2,968 (-87.1%), from €3,408 to €440
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €460,462 | €258,308 | -€202,154 | -43.9% |
| Formation expenses | 20 | €15,991 | €100,092 | +€84,101 | +526% |
| Fixed assets | 21/28 | €292,550 | €16,581 | -€275,969 | -94.3% |
| Tangible fixed assets | 22/27 | €291,815 | €15,846 | -€275,969 | -94.6% |
| Land and buildings | 22 | €272,370 | €3,102 | -€269,268 | -98.9% |
| Plant, machinery and equipment | 23 | €3,787 | €5,577 | +€1,790 | +47.3% |
| Furniture and vehicles | 24 | €15,658 | €7,167 | -€8,492 | -54.2% |
| Financial fixed assets | 28 | €735 | €735 | = | 0.0% |
| Current assets | 29/58 | €151,920 | €141,635 | -€10,285 | -6.8% |
| Stocks and contracts in progress | 3 | €65,921 | €65,455 | -€465 | -0.7% |
| Stocks | 30/36 | €53,421 | €47,955 | -€5,465 | -10.2% |
| Contracts in progress | 37 | €12,500 | €17,500 | +€5,000 | +40.0% |
| Amounts receivable within one year | 40/41 | €73,268 | €56,888 | -€16,380 | -22.4% |
| Trade receivables | 40 | €67,042 | €47,159 | -€19,882 | -29.7% |
| Other amounts receivable | 41 | €6,226 | €9,729 | +€3,502 | +56.2% |
| Cash at bank and in hand | 54/58 | €11,659 | €18,263 | +€6,605 | +56.7% |
| Deferred charges and accrued income | 490/1 | €1,073 | €1,028 | -€45 | -4.2% |
| Total equity and liabilities | 10/49 | €460,462 | €258,308 | -€202,154 | -43.9% |
| Equity | 10/15 | €36,389 | €28,429 | -€7,960 | -21.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €21,967 | €21,967 | = | 0.0% |
| Distributable reserves | 133 | €21,967 | €21,967 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,222 | €262 | -€7,960 | -96.8% |
| Amounts payable | 17/49 | €424,073 | €229,879 | -€194,194 | -45.8% |
| Amounts payable after more than one year | 17 | €217,053 | €54,400 | -€162,653 | -74.9% |
| Financial debts | 170/4 | €188,053 | €27,500 | -€160,553 | -85.4% |
| Other amounts payable | 178/9 | €29,000 | €26,900 | -€2,100 | -7.2% |
| Amounts payable within one year | 42/48 | €207,020 | €175,029 | -€31,990 | -15.5% |
| Current portion of amounts payable after more than one year | 42 | €26,708 | - | -€26,708 | |
| Financial debts | 43 | €75,000 | €75,000 | = | 0.0% |
| Credit institutions | 430/8 | €75,000 | €75,000 | = | 0.0% |
| Trade debts | 44 | €58,728 | €72,673 | +€13,945 | +23.7% |
| Suppliers | 440/4 | €58,728 | €72,673 | +€13,945 | +23.7% |
| Advances received on contracts in progress | 46 | €17,188 | - | -€17,188 | |
| Taxes, remuneration and social security | 45 | €12,491 | €10,335 | -€2,157 | -17.3% |
| Taxes | 450/3 | €3,422 | €457 | -€2,965 | -86.7% |
| Remuneration and social security | 454/9 | €9,070 | €9,878 | +€808 | +8.9% |
| Other amounts payable | 47/48 | €16,904 | €17,022 | +€119 | +0.7% |
| Accrued charges and deferred income | 492/3 | - | €449 | +€449 | |
| Non-recurring operating income | 76A | €461 | €3,306 | +€2,845 | +617% |
| Remuneration, social security and pensions | 62 | €58,675 | €64,477 | +€5,802 | +9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,039 | €15,574 | -€13,465 | -46.4% |
| Other operating charges | 640/8 | €4,648 | €2,908 | -€1,740 | -37.4% |
| Gross operating margin | 9900 | €109,877 | €82,056 | -€27,821 | -25.3% |
| Operating profit (loss) | 9901 | €17,516 | -€902 | -€18,418 | |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €11,863 | €6,622 | -€5,241 | -44.2% |
| Recurring financial charges | 65 | €11,863 | €6,622 | -€5,241 | -44.2% |
| Profit (loss) for the period before taxes | 9903 | €5,652 | -€7,520 | -€13,172 | |
| Income taxes | 67/77 | €3,408 | €440 | -€2,968 | -87.1% |
| Profit (loss) for the period | 9904 | €2,244 | -€7,960 | -€10,204 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,244 | -€7,960 | -€10,204 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.